Treasury Wine Estates (OTCMKTS:TSRYY) Reaches New 52-Week Low – Should You Sell?

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) shares reached a new 52-week low on Monday . The company traded as low as $2.47 and last traded at $2.50, with a volume of 19930 shares trading hands. The stock had previously closed at $2.50.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TSRYY. Royal Bank Of Canada lowered Treasury Wine Estates from a “moderate buy” rating to a “hold” rating in a report on Thursday, December 18th. Jefferies Financial Group lowered Treasury Wine Estates from a “strong-buy” rating to a “hold” rating and set a $5.20 price target for the company. in a research report on Wednesday, December 17th. UBS Group cut Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Finally, Citigroup lowered Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 14th. Two analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $5.20.

Treasury Wine Estates Stock Up 0.2%

The firm’s fifty day moving average price is $3.33 and its 200-day moving average price is $3.79.

Treasury Wine Estates Company Profile

Treasury Wine Estates is a Melbourne‐based global wine company that produces, markets and distributes a broad portfolio of wines. Its portfolio spans premium, luxury and commercial brands, including Penfolds, Beringer, Stags’ Leap Family Vineyards, Wolf Blass, Lindeman’s and Matua. The company sources fruit from a mix of owned vineyards and long-term grower partnerships across key wine regions in Australia, California and New Zealand.

The business was established in 2011 following a demerger from Foster’s Group and traces its heritage back to the founding of Penfolds in 1844.